Common use of EMPLOYMENT TERM AND COMPENSATION Clause in Contracts

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.00/Hour for the term commencing on 10/7/2023 and ending on 6/30/2024 in installments less any legally authorized deductions as the B22, Laboratory Specialist, Chemistry. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

AutoNDA by SimpleDocs

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0023.32/Hour for the term commencing on 10/7/2023 7/1/2021 and ending on 6/30/2024 6/30/2022 in installments less any legally authorized deductions as the B22DBM B32, Laboratory Financial Aid Specialist, ChemistryFinancial Aid. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings compensation paid to the Employee as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0019.55/Hour for the term commencing on 10/7/2023 5/23/2022 and ending on 6/30/2024 6/30/2022 in installments less any legally authorized deductions as the B22DBM B23, Laboratory Testing Specialist, ChemistryTesting Center, Lakeshore Campus. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings compensation paid to the Employee as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0020.31/Hour for the term commencing on 10/7/2023 4/8/2023 and ending on 6/30/2024 6/30/2023 in installments less any legally authorized deductions as the B22B24 Evening Weekend Coordinator, Laboratory Specialist, ChemistryAdvanced Technology Center. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0021.67/Hour for the term commencing on 10/7/2023 7/1/2021 and ending on 6/30/2024 6/30/2022 in installments less any legally authorized deductions as the B22DBM B23, Laboratory SpecialistSenior IT Technician, ChemistryTechnology Support. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings compensation paid to the Employee as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0024.71/Hour for the term commencing on 10/7/2023 9/25/2024 and ending on 6/30/2024 6/30/2025 in installments less any legally authorized deductions as the B22B24, Laboratory SpecialistPayroll Coordinator, ChemistryFinance. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Faculty Employment Contract

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0019.53/Hour for the term commencing on 10/7/2023 12/2/2023 and ending on 6/30/2024 in installments less any legally authorized deductions as the B22, Laboratory Specialist, ChemistryIndustrial Technology. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate employee a salary of $20.00/Hour 2,448 per bi-weekly pay period ($63,671 Annualized), for the term commencing on 10/7/2023 11/12/2020 and ending on 6/30/2024 6/30/2021, in installments less any legally authorized deductions as the B22DBM C43 Business Analyst, Laboratory Specialist, ChemistryAcademic Success. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings compensation paid to the Employee as the Board contribution on behalf of the Employee employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Contract

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0022.83/Hour for the term commencing on 10/7/2023 4/22/2023 and ending on 6/30/2024 6/30/2023 in installments less any legally authorized deductions as the B22, Laboratory B32 Financial Aid Specialist, ChemistryFinancial Aid. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board.. 2 B. The Board shall pay to the Employee an hourly rate of $20.0022.83/Hour for the term commencing on 10/7/2023 12/4/2023 and ending on 6/30/2024 in installments less any legally authorized deductions as the B22B32, Laboratory Financial Aid Specialist, ChemistryFinancial Aid. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0022.83/Hour for the term commencing on 10/7/2023 11/8/2021 and ending on 6/30/2024 6/30/2022 in installments less any legally authorized deductions as the B22DBM B32, Laboratory Procurement Specialist, ChemistryProcurement Services. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings compensation paid to the Employee as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0022.98/Hour for the term commencing on 10/7/2023 10/25/2021 and ending on 6/30/2024 6/30/2022 in installments less any legally authorized deductions as the B22DBM B24, Laboratory SpecialistCoordinator, ChemistryHorticulture. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings compensation paid to the Employee as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0023.00/Hour Hourly for the term commencing on 10/7/2023 and ending on 6/30/2024 11/29/2021 through 6/30/2022, in installments less any legally authorized deductions as the B22DBM B24, Laboratory Grants Specialist*, ChemistryLakeshore Campus. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings compensation paid to the Employee as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate a salary of $20.002,550 per bi-weekly pay period ($66,300/Hour Annualized), for the term commencing on 10/7/2023 and 9/30/2024 ending on 6/30/2024 6/30/2025, in installments less any legally authorized deductions as the B22C43, Laboratory SpecialistCareer Readiness Manager, ChemistryCareer and Job Placement Center. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Faculty Employment Contract

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0027.40/Hour for the term commencing on 10/7/2023 11/20/2023 and ending on 6/30/2024 in installments less any legally authorized deductions as the B22B24, Laboratory SpecialistLead IT Technician, ChemistryTechnology Support. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0019.53/Hour for the term commencing on 10/7/2023 1/28/2023 and ending on 6/30/2024 6/30/2023 in installments less any legally authorized deductions as the B22, Laboratory Specialist, ChemistryIndustrial Technology. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0018.59/Hour for the term commencing on 10/7/2023 8/29/2022 and ending on 6/30/2024 6/30/2023 in installments less any legally authorized deductions as the B22DBM B23, Laboratory SpecialistSenior IT Technician, ChemistryTechnology Support. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate employee a salary of $20.00/Hour 2,365 per bi-weekly pay period ($61,500 Annualized), for the term commencing on 10/7/2023 3/21/2022 and ending on 6/30/2024 6/30/2022, in installments less any legally authorized deductions as the B22DBM C43, Laboratory SpecialistBusiness Analyst, ChemistryAcademic Success. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings compensation paid to the Employee as the Board contribution on behalf of the Employee employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate a salary of $20.002,909 per bi-weekly pay period ($75,639/Hour Annualized), for the term commencing on 10/7/2023 9/1/2022 and ending on 6/30/2024 6/30/2023, in installments less any legally authorized deductions as the B22DBM C45, Laboratory SpecialistManager, ChemistryStudent Success Strategy. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

AutoNDA by SimpleDocs

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0023.83/Hour for the term commencing on 10/7/2023 11/28/2023 and ending on 6/30/2024 in installments less any legally authorized deductions as the B22B23, Laboratory Senior Media Technology Specialist, ChemistryTechnology Support. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate a salary of $20.00/Hour 3,007 per bi-weekly pay period, for the term commencing on 10/7/2023 and ending on 6/30/2024 1/1/2022 through 6/30/2022 in installments less any legally authorized deductions as the B22DBM C41, Laboratory SpecialistManager*, ChemistrySmall Bus Dev./Int'l Trade Ctr. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings compensation paid to the employee as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Contract

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate employee a salary of $20.00/Hour 2,296 per bi-weekly pay period ($59,700 Annualized), for the term commencing on 10/7/2023 12/20/2021 and ending on 6/30/2024 6/30/2022, in installments less any legally authorized deductions as the B22DBM C43, Laboratory SpecialistManager, ChemistryTutoring Center. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings compensation paid to the Employee as the Board contribution on behalf of the Employee employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Contract

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0022.84/Hour for the term commencing on 10/7/2023 9/9/2023 and ending on 6/30/2024 in installments less any legally authorized deductions as the B22B23, Laboratory Media Technology Specialist, ChemistryTechnology Support. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0022.83/Hour for the term commencing on 10/7/2023 1/14/2023 and ending on 6/30/2024 6/30/2023 in installments less any legally authorized deductions as the B22, Laboratory Financial Aid Specialist, ChemistryFinancial Aid. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.00/Hour for the term commencing on 10/7/2023 12/2/2023 and ending on 6/30/2024 in installments less any legally authorized deductions as the B22, Laboratory Specialist, ChemistryBiology. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate employee a salary of $20.00/Hour 2,084 per bi-weekly pay period ($54,185 Annualized), for the term commencing on 10/7/2023 8/30/2021 and ending on 6/30/2024 6/30/2022, in installments less any legally authorized deductions as the B22DBM B32, Laboratory SpecialistSenior Program Manager, ChemistryProfessional Development. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings compensation paid to the Employee as the Board contribution on behalf of the Employee employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate a salary of $20.002,451 per bi-weekly pay period ($63,731/Hour Annualized), for the term commencing on 10/7/2023 and 10/21/2024 ending on 6/30/2024 6/30/2025, in installments less any legally authorized deductions as the B22C43, Laboratory SpecialistAcademic Operations Manager, ChemistryBiological and Health Sciences. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0024.71/Hour for the term commencing on 10/7/2023 5/22/2024 and ending on 6/30/2024 in installments less any legally authorized deductions as the B22B32, Laboratory SpecialistPayroll Coordinator, ChemistryFinance. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.0020.52/Hour Hourly for the term commencing on 10/7/2023 and ending on 6/30/2024 12/2/2023 through 6/30/2024, in installments less any legally authorized deductions as the B22B24, Laboratory SpecialistCoordinator*, ChemistryCommunity Programs. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate of $20.00/Hour for the term commencing on 10/7/2023 4/22/2023 and ending on 6/30/2024 6/30/2023 in installments less any legally authorized deductions as the B22, B22 Laboratory Specialist, ChemistryBiology. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

EMPLOYMENT TERM AND COMPENSATION. A. The Board hereby employs the Employee with such powers and duties as may be fixed by the Board. B. The Board shall pay to the Employee an hourly rate a salary of $20.003,550 per bi-weekly pay period ($92,300/Hour Annualized), for the term commencing on 10/7/2023 3/28/2022 and ending on 6/30/2024 6/30/2022, in installments less any legally authorized deductions as the B22DBM C45, Laboratory SpecialistCompensation and Benefits Manager, ChemistryHuman Resources. C. Employee agrees to fulfill the aforesaid position for the period above mentioned. D. The Board shall designate eight and one-half (8.5) percent of the Employee’s SURS-eligible earnings compensation paid to the Employee as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

Appears in 1 contract

Samples: Employment Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!